$4,453 Closing Credit*
$375,000
720 SqFt
2 Beds
•1 Full Bath
Burak Kus, Listing Office: Related ISG Realty, LLC.
Is Flamingo / Lummus, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Flamingo / Lummus was a Seller's Market.
Key Takeaway
Flamingo / Lummus is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Flamingo / Lummus, FL
How much do homes in Flamingo / Lummus, FL cost?
Median Sold Price
$294,750
$471/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$300(-0.1%)
Key Takeaway
The sold price of homes in Flamingo / Lummus has remained the same since last year.
Summary: The median home sold price in Flamingo / Lummus was $294,750 in December 2024, down 0.1% from last year, and the median price per square foot was $471.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $275K | +1.9% |
| 2 Bedrooms | $418K | $425K | +1.7% |
| 3 Bedrooms | $827.5K | $1.6M | +93.4% |
| 4 Bedrooms | $1.4M | $1.9M | +40.2% |
| 5+ Bedrooms | $1.1M | $2.9M | +153.1% |
Summary: Flamingo / Lummus housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 93.4%, 4 bedroom homes increased by 40.2%, and 5+ bedroom homes increased by 153.1%.
Median Sold Price Compared To Nearby Neighborhoods
| South Point | $1.0M | $1.4M | +38.4% |
| City Center | $495K | $680K | +37.4% |
| Flamingo / Lummus | $295K | $294.7K | -0.1% |
Housing Supply in Flamingo / Lummus, FL
How many homes are available in Flamingo / Lummus, FL?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 281 | 343 | +22.1% |
Summary: The Flamingo / Lummus real estate market had 343 homes for sale in December 2024, a 22.1% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 199 | 239 | +20.1% |
| 2 Bedrooms | 69 | 88 | +27.5% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Flamingo / Lummus housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20.1%, 2 bedroom homes increased by 27.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Flamingo / Lummus, you may be able to get a good deal. 78.6% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Flamingo / Lummus in December 2024, up by 40.0% month-over-month. Of the 14 sold homes, 79% were sold under asking, 7% were sold at asking, and 14% were sold over asking.
Days on Market for Flamingo / Lummus, FL
How long does it take to sell a home in Flamingo / Lummus, FL?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 42 Days | 47 Days | +12.4% |
Summary: Homes in Flamingo / Lummus had an average of 47 days on market in Dec 2024, up by 12.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Flamingo / Lummus are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 14 homes were sold in Flamingo / Lummus; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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